Overview

• Canary Capital registered a Delaware entity named “Canary Trump Coin ETF” on August 13 to pursue a spot exchange-traded fund for Trump Coin.
• Trump Coin rallied about 4% to $9.60 on the news but remains over 60% below its post-debut high near $75.
• The firm is expected to file an S-1 with the SEC and submit a 19b-4 listing application to an exchange as its next steps.
• The SEC has designated meme coins as commodities, a stance that could influence the ETF’s regulatory pathway.
• If approved, the ETF would offer an institutional-grade vehicle for a meme coin and could inject fresh liquidity into the Trump Coin market.